Tag: innovation

Fed Holds Rates Steady; GDP, Inflation Data Expected to Bolster Wait-and-See Approach

Published on: January 30, 2025, 11:02 PM UTC

US stocks gained momentum Thursday afternoon as investors digested earnings from megacap tech companies and awaited Apple (AAPL) results for further insights into Big Tech's prospects. The S&P 500 (^GSPC) rose 0.5%, the Dow Jones Industrial Average (^DJI) climbed 0.4%, and the Nasdaq Composite (^IXIC) gained 0.3%. In earnings news, Microsoft (MSFT) shares plunged 6% after its quarterly cloud revenue fell short of expectations, while Meta (META) beat on earnings, buoying its stock. Tesla (TSLA) shares also rose despite an earnings miss, with investors focusing on its commitment to renewed growth by 2025. Meanwhile, President Trump's renewed threats of tariffs on Mexico and Canada caused a spike in the US dollar index before closing flat. Investors also parsed the Federal Reserve's decision to hold interest rates steady, turning to corporate earnings reports for guidance.

Published on: January 30, 2025, 11:01 PM UTC

Laurel Road's HYSA offers a 4.00% APY with no minimums or monthly fees. It's an online-only account with high yield and no maintenance costs, making it a great choice for saving and earning interest.

Published on: January 30, 2025, 11:00 PM UTC

Deckers (DECK) surprises with Q4 revenue beat, but stock drops 15.8% due to slightly missed full-year guidance. Should you buy DECK after the earnings release? Read our full research report to find out.

Published on: January 30, 2025, 10:09 PM UTC

Meta Platforms and Tesla boost U.S. stocks after earnings reports. S&P 500 climbs 0.5%, Dow gains 0.4%, and Nasdaq adds 0.3%. Treasury yields dip after GDP report shows solid growth but slower than expected.

Published on: January 30, 2025, 10:08 PM UTC

The Bancorp Inc. reports Q4 net income of $55.9 million, or $1.15 per share, on revenue of $522.7 million. For the year, the company reported profit of $217.5 million, or $4.29 per share.

Published on: January 30, 2025, 10:05 PM UTC

Atlassian shares jump 16% after projecting strong Q3 revenue and raising FY revenue forecast, fueled by demand for AI-enabled cloud services.

Published on: January 30, 2025, 10:05 PM UTC

Mortgage rates remain essentially unchanged despite stock market sell-off. 30-year rates hold at 6.95%, while 15-year rates drop slightly to 6.12%. Higher rates and supply shortage continue to impact affordability, with sales activity declining.

Published on: January 30, 2025, 10:03 PM UTC

Microsoft and Meta executives address DeepSeek's AI advancements, discuss their own AI spending strategies, and emphasize the ongoing significance of investing in AI infrastructure.

Published on: January 30, 2025, 09:02 PM UTC

English cricket raised over £100 million on the first day of the Hundred franchise sale, with the Ambani family, owners of IPL's Mumbai Indians, acquiring a 49% stake in Oval Invincibles. The sale includes eight teams, with the Ambanis' purchase valuing the Oval Invincibles franchise at £123 million. Birmingham Phoenix, London Spirit, and Cardiff's Welsh Fire are among the teams set to be sold in the coming days, with potential investors including Avram Glazer, Sanjiv Goenka, and Silicon Valley executives. The proceeds from the sale will be distributed among counties and the recreational game.

Published on: January 30, 2025, 09:01 PM UTC